Keisuke Honda’s venture capital secures $158M to back AI startups

Former Japanese soccer star Keisuke Honda has scored another win off the pitch, his venture capital firm, X&KSK Fund, has secured $158 million to invest in tech start-ups specialising in AI and cutting-edge business solutions.

Over 20 investors are supporting Honda’s fund, including prominent Japanese financial institutions like Sumitomo Mitsui Banking Corp, Nomura Holdings, and SBI Holdings. Notably, SBI Holdings and SBI Shinsei Bank have contributed a combined $20.46 million (¥2 billion), making them the fund’s largest stakeholders.

Shohei Yamada, a partner at SBI Investment, highlighted that the goal of this investment is to expand its network of international investors and promote Japanese start-ups. In Japan, where the number of so-called “unicorn” companies—those valued at over $1.61 billion—remains limited, this initiative represents a significant step forward for the local start-up ecosystem.

Keisuke Honda, known for his stellar performances at CSKA Moscow, AC Milan, and three consecutive World Cups, has been expanding his business ventures. Together with American actor Will Smith, he co-founded Dreamers VC. His goal is to create a “decacorn”—a private company valued at over $16.17 billion in Japan.

Honda is aware establishing a decacorn is rare in Japan, however, he is assertive it can be achieved.

“I’m aware that creating a decacorn in Japan is a very difficult challenge, but considering what the Japanese have already achieved, I believe it is possible,” he said via email interview.

The former AC Milan midfielder recognized that his soccer fame opens doors to profitable investment opportunities. He also pointed out that, unlike in the U.S., celebrities in Japan are typically reluctant to openly talk about their investments.

Although the number of start-ups in Japan is on the rise, the country still falls short in producing unicorns. A report from Japan’s Ministry of Economy, Trade, and Industry highlights that fostering start-up growth requires improved access to significant funding.

In 2022, Japanese start-ups raised a record ¥978.2 billion (10.01 billion AUD), but this figure dropped to ¥803.9 billion (8.22 billion AUD) in the following year. Despite the decline, it still represents a fivefold increase compared to 2014.

The X&KSK Fund seeks to back innovative projects and promote cutting-edge technologies. This initiative marks a significant milestone for Keisuke Honda and Japan’s emerging start-up ecosystem, bringing fresh momentum to its expansion.

Keisuke Honda’s involvement in the X&KSK Fund represents a significant shift in how athletes, especially football players, are positioning themselves within the broader business and tech world.

Historically, athletes, particularly in football, have often focused on careers post-retirement that include media ventures, sponsorships, or brand endorsements. However, Honda’s active role in venture capital, particularly in sectors like AI and tech innovation, signals a new wave of athlete entrepreneurs taking a more hands-on approach in shaping the future industries.

This shift is particularly important because football players, given their fame and influence, have the potential to leverage their personal brands to foster meaningful change within industries beyond sports.

Players such as Honda, who have gained global recognition, can access exclusive investment opportunities that might otherwise be difficult to reach for traditional investors.

By actively participating in initiatives like Dreamers VC, Honda is not just a figurehead—he’s an active contributor to the creation of business ecosystems that can have a lasting impact on both the tech industry and Japan’s start-up scene.

Moreover, for footballers, particularly those who achieve global success, such investments can be a smart way to secure long-term financial stability post-retirement, as they can often face a shorter career span.

The increased involvement of athletes in high-level investments allows them to diversify their portfolios and contribute to industries that influence the future of society. This trend is beginning to reshape how sports figures are perceived, from being athletes to being influential business leaders and investors.

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JH Allan Reserve in Keilor East to undergo lighting upgrades

After strong backing from the community and Football Victoria, Moonee Valley City Council confirmed the green light for upgrades to proceed later this year.

Resounding support

Ahead of the council meeting on Tuesday 24 March, Football Victoria and five Moonee Valley Council clubs created a petition backing lighting improvements at JH Allan Reserve.

What followed was an astounding 624 signatures – a demonstration of the power of united, community support. As a result, main tenants Moonee Ponds United SC and four addition clubs (including Essendon Royals FC, Avondale FC, FC Strathmore and the Moonee Valley Knights) will all benefit from the developments.

“As one of the only facilities within Moonee Valley not shared with other codes, ensuring that JH Allan Reserve meets the needs of our participants is crucial for Football Victoria,” said FV Head of Government Relations and Strategy, Lachlan Cole.

“It was fantastic to see participants and officials from those five clubs come together, support this project, and unite to speak on behalf of their needs. And it was even more heartening to see the wider football community throw their support behind the development by signing the petition.”

 

A long-awaited verdict

The decision comes as a huge step forward for the local football community, arriving after an extended process of consultations and surveys.

In September 2022, Moonee Valley City Council endorsed the Moonee Valley Soccer Strategy, which sought to identify potential upgrades at JH Allan Reserve.

Furthermore, during the community consulation between March and April 2023, 365 people participated in a survey regarding the developments. In the end, 65% of responses supported or strongly supported the installation of sports lighting at the ground.

It is therefore clear that, for much of the community, this was a cause worth fighting for. Over three years since the initial endorsement from Moonee Valley City Council, JH Allan Reserve is now set for a vital upgrade.

Final thoughts

More importantly, however, are the current and future athletes who will feel the benefit from these developments.

Football participation is growing and will continue to do so, in Moonee Valley, Victoria and Australia as a whole. That is why developments like this are so vital.

They are not merely nice to have, but are fundamental to supporting future footballers in the community by providing them with the facilities and environment to play.

Football SA Commits $100,000 to Referee Fuel Subsidy as Cost-of-Living pressure Mounts

Football South Australia has announced a fuel subsidy scheme for match officials across its semi-professional competitions, allocating up to $100,000 for the remainder of the 2026 season in response to rising fuel costs that the governing body says are threatening the delivery of fixtures across the state.

The subsidy, effective immediately, covers referees officiating across the RAA National Premier League, Apex Steel Women’s National Premier League, Apex Steel Women’s State League, HPG Homes State League 1 and State League 2. The subsidy spans senior, reserves and under-18 competitions across both men’s and women’s football.

Under the metro scheme, reimbursements will be tiered against the average Adelaide unleaded petrol price recorded each Friday, applying to all matches played in the following seven-day period. Officials will receive $30 per match day when the average price sits at $3.25 or above, $25 between $2.75 and $3.24, and $20 between $2.35 and $2.74. No subsidy applies below $2.34. For regional matches, referees travelling to Port Pirie, Barossa and Whyalla will see their per-kilometre reimbursement rise from 88 cents to $1.26 when petrol prices exceed $2.35.

All subsidy payments will be funded directly by Football SA, with no cost passed to competing clubs.

The Economics behind the Whistle

Fuel prices in South Australia, as across much of Australia, have been running at elevated levels against the backdrop of an ongoing imperialist war on Iran that has sent shockwaves through global oil markets. Iran’s targeting of the Strait of Hormuz, through which a significant proportion of the world’s oil supply passes, has disrupted shipping and contributed to price surges that are being felt at service stations in Adelaide as acutely as anywhere.

For match officials, who are overwhelmingly volunteers or low-paid part-time workers travelling to multiple venues across a season, those price surges are not an abstraction. They are a direct financial disincentive to take on appointments, particularly in outer metropolitan and regional areas where travel distances are significant and the cost of attending a game can approach, or exceed the payment for officiating it.

The consequences are cancelled fixtures, forfeited points, disrupted seasons and players who stop turning up to clubs that cannot guarantee them a game.

“This initiative recognises the critical role match officials play in delivering competitions,” CEO Michael Carter said in the announcement, “and aims to reduce the impact of travel costs across the 2026 season.”

A Structural Problem, a Seasonal Solution

The subsidy applies only to the 2026 season. Football SA has been careful to frame it as a response to current conditions rather than a permanent structural change. The $100,000 allocation is described as subject to fuel prices remaining at current levels, with the final amount invested likely to vary as the weekly threshold calculations play out across the season.

That framing is honest about what the scheme is and isn’t. It does not resolve the underlying question of whether referee payments in community and semi-professional football are adequate relative to the demands placed on officials. It remains a question that transcends the current fuel price environment and will outlast it. What it does is buy time and goodwill in a moment when both are in short supply.

Sport, and football in particular, depends on a volunteer and semi-volunteer workforce that is increasingly being squeezed by the same cost-of-living pressures affecting every other part of Australian life. When the price of petrol rises, the people who feel it first are not the players or the clubs, it’s the officials, the committee members and the volunteers who make the infrastructure of community sport function.

Football SA’s decision to absorb that cost rather than pass it to clubs is a recognition that the referee pipeline is fragile in ways that are not always visible until it breaks. The SAPA review into South Australian football, released earlier this month, identified referee development and retention as one of the most pressing structural challenges facing the game in the state, recommending greater investment in recruitment and suggesting affiliation fee subsidies for clubs that bring new officials into the system.

Friday’s announcement does not go that far. But in a season already defined by uncertain economic and geopolitical circumstance, the levy sends a clear enough signal about where Football SA’s priorities lie.

The fuel levy will be calculated each Friday using average Adelaide prices listed on Fuel Price Australia, with payments made to officials on the regular weekly schedule.

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